Ramchandra Leasing & Finance Limited has announced significant changes to its board composition following a meeting held on January 03, 2026. The company has appointed two new non-executive directors while accepting the resignation of an existing board member.

Board Meeting Outcomes

The board meeting, which took place from 06:00 PM to 07:00 PM IST on January 03, 2026, resulted in key decisions regarding the company's leadership structure. The changes were approved in compliance with Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Director Appointments

Akhil Mittal

The board approved the appointment of Akhil Mittal as a Non-Executive Additional Director effective January 03, 2026. Mittal brings substantial financial expertise to the board with his professional qualifications and experience.

Pratika Sharma

Pratika Sharma was also appointed as a Non-Executive Additional Director on the same date. Her background in risk management and mathematical analysis adds valuable expertise to the board's composition.

Both appointments are subject to confirmation at a future general meeting of the company.

Director Resignation

The board acknowledged the resignation of Pramod Kumar Gadiya from his position as Non-Executive Director, effective from the closure of business hours on January 05, 2026. In his resignation letter dated December 31, 2025, Gadiya cited personal reasons for his departure and confirmed that there were no other material reasons for his resignation.

Gadiya expressed gratitude to the board and management for their support during his tenure and wished the company continued success in future endeavors.

Regulatory Compliance

All board changes have been communicated to BSE Limited in accordance with regulatory requirements. The company has provided detailed disclosures as mandated under SEBI LODR Regulations and SEBI Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024. The necessary filings with stock exchanges and the Registrar of Companies will be completed as required under applicable laws.

Ramchandra Leasing & Finance Limited has formally announced the resignation of Mr. Pramod Kumar Gadiya from his position as Non-Executive Director, effective January 05, 2026. The company notified the Bombay Stock Exchange on January 01, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Pramod Kumar Gadiya (DIN: 02258245) submitted his resignation letter on December 31, 2025, citing personal reasons for his departure from the board. The resignation becomes effective from January 05, 2026, marking the end of his tenure as a Non-Executive Director.

Regulatory Compliance and Process

The resignation letter will be formally placed before the Board of Directors in the upcoming board meeting for consideration and acceptance. Company Secretary and Compliance Officer Dhiraj Kumar Jha (M. No. F9631) signed the notification, ensuring adherence to regulatory requirements.

In his resignation communication, Mr. Gadiya confirmed that his departure is purely on personal grounds with no other material reasons. He expressed gratitude to the board and management for their support and cooperation during his tenure, wishing the company continued success in future endeavors.

Previous Board Meeting Plans

The company had previously scheduled a board meeting for January 03, 2026, to consider director appointments including Mr. Akhil Mittal and Ms. Pratika Sharma as additional non-executive directors. The resignation of Mr. Gadiya adds another significant agenda item to the board's governance discussions during this period of leadership transition.